Elbit Awarded Israeli MoD $23 M Contract

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded an Israeli Ministry of Defense contract, in the amount of approximately $23 million, for the operation and maintenance of its ground simulators in use by the Israeli Ground Forces. The contract will be performed over a five-year period.

The contract includes a variety of simulators, both fixed and mobile, dedicated to training for tanks, armored combat vehicles, driving simulators, intelligence training and other applications.

Elbit Systems is an acknowledged leader in the field of training and simulation, building on over three decades of experience, covering a full spectrum of missions in the areas of air, ground, sea, intelligence and others. The growing demand for the supply of training systems, together with increased requests to operate and maintain these systems through outsourcing, enhances training and simulation as an Elbit Systems' growth engine.